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The revised outlooks reflect the difficult moment as Everest moves away from retail. -
The reductions reflect a mix of programs being handed off and MGAs proactively switching.
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Some disagreement remains in where rate declines have been swiftest and how much further they could go.
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The CEO noted that 45% of Everest’s US casualty book did not renew this quarter.
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The LA fires were a microcosm of “everything we do well when things go bad”.
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Erbig joins after more than 20 years in finance-related positions at Liberty Mutual.
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The company’s stock fell nearly 9% as the market digested news of an ADC, renewal rights deal and reserve charge.
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BP Marsh has agreed the sale of its 28.2% shareholding as part of the deal.
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The executive joined the Dallas-based insurer as CUO in 2023.
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Normalized growth and peak multiples confirm we are headed towards a Darwinian race.
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The specialty carrier’s share price fell nearly 7% on the day of the call.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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